Blair William & Co. IL Makes New Investment in Hexcel Corporation $HXL

Blair William & Co. IL bought a new stake in Hexcel Corporation (NYSE:HXL) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 3,876 shares of the aerospace company’s stock, valued at approximately $219,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Park Place Capital Corp increased its holdings in Hexcel by 65.1% in the 2nd quarter. Park Place Capital Corp now owns 497 shares of the aerospace company’s stock valued at $28,000 after purchasing an additional 196 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in shares of Hexcel by 138.7% in the first quarter. Geneos Wealth Management Inc. now owns 759 shares of the aerospace company’s stock worth $42,000 after buying an additional 441 shares during the period. Oliver Lagore Vanvalin Investment Group purchased a new stake in shares of Hexcel during the 2nd quarter valued at about $55,000. Brooklyn Investment Group raised its holdings in shares of Hexcel by 320.2% during the 1st quarter. Brooklyn Investment Group now owns 1,164 shares of the aerospace company’s stock valued at $64,000 after buying an additional 887 shares during the period. Finally, Farther Finance Advisors LLC lifted its position in Hexcel by 71.2% during the 1st quarter. Farther Finance Advisors LLC now owns 1,200 shares of the aerospace company’s stock worth $66,000 after acquiring an additional 499 shares in the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

Hexcel Price Performance

HXL opened at $61.78 on Friday. The company has a market capitalization of $4.92 billion, a P/E ratio of 57.20, a PEG ratio of 1.94 and a beta of 1.33. The company has a 50-day moving average of $62.87 and a 200-day moving average of $57.67. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.50 and a current ratio of 2.69. Hexcel Corporation has a 1-year low of $45.28 and a 1-year high of $71.05.

Hexcel (NYSE:HXL) last posted its quarterly earnings results on Thursday, July 24th. The aerospace company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.04. The business had revenue of $489.90 million during the quarter, compared to the consensus estimate of $482.20 million. Hexcel had a return on equity of 9.76% and a net margin of 4.69%.The company’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same period last year, the firm earned $0.60 earnings per share. Hexcel has set its FY 2025 guidance at 1.850-2.050 EPS. Equities analysts expect that Hexcel Corporation will post 2.14 EPS for the current fiscal year.

Hexcel Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 8th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, August 8th. Hexcel’s dividend payout ratio is currently 62.96%.

Insider Activity at Hexcel

In other news, insider Gina Fitzsimons sold 911 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $65.00, for a total value of $59,215.00. Following the transaction, the insider directly owned 4,283 shares in the company, valued at approximately $278,395. This trade represents a 17.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Thierry Merlot sold 8,897 shares of Hexcel stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $63.86, for a total transaction of $568,162.42. Following the completion of the transaction, the insider directly owned 51,308 shares of the company’s stock, valued at $3,276,528.88. This trade represents a 14.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.39% of the company’s stock.

Analysts Set New Price Targets

HXL has been the subject of several recent research reports. Truist Financial increased their price objective on shares of Hexcel from $67.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday. BMO Capital Markets lifted their price target on shares of Hexcel from $52.00 to $67.00 and gave the stock a “market perform” rating in a research note on Tuesday, July 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Hexcel in a report on Wednesday, October 8th. Zacks Research upgraded Hexcel from a “strong sell” rating to a “hold” rating in a research note on Thursday, September 4th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $65.00 target price on shares of Hexcel in a research report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Hexcel currently has a consensus rating of “Hold” and a consensus target price of $66.63.

About Hexcel

Hexcel Corporation develops, manufactures, and markets carbon fibers, structural reinforcements, honeycomb structures, resins, and composite materials and parts for use in commercial aerospace, space and defense, and industrial applications. It operates through two segments, Composite Materials and Engineered Products.